Ceiling Profit Rate definition

Ceiling Profit Rate. Means the contracted profit rate applicable to the Facility as set out in the Letter of Offer or such other rate of profit that the Bank may prescribe at any time.
View Source
Ceiling Profit Rate means the contracted profit rate as stated in the relevant Letter of Offer for the calculation of the relevant Bank’s Sale Price in respect of the relevant Asset Sale Agreement; Commodity in relation to the Murabahah transaction, means the commodity as acceptable to the Bank particularly as stated in the relevant Asset Sale Agreement; Commodity Murabahah Term Financing-i or CMTF-i Facility means the Commodity Murabahah term financing-i facility, the principal terms of which are set out in Clause 2.1;
View Source
Ceiling Profit Rate means the ceiling profit rate of 18 per cent per annum which is the rate used to calculate the Murabahah Price (Bank’s Sale Price);
View Source

Examples of Ceiling Profit Rate in a sentence

  • Any revision in the Effective Profit Rate as aforesaid shall not exceed the Ceiling Profit Rate.

  • The Bank shall grant rebate for the differential between the Ceiling Profit Rate and Effective Profit Rate.

  • Ceiling Profit Rate or CPR means the ceiling profit rate applicable to the Facility as set out in the Letter of Offer.

  • On profit payment date, the Bank shall grant to the Customer(s) a rebate on the profit which forms part of the The Bank’s Selling Price on the differential sum between the Ceiling Profit Rate and the Effective Profit Rate, subject to the Bank’s discretion.

  • However, the monthly payment of the Bank’s Sale Price shall be calculated based on the Effective Profit Rate which will not exceed the Ceiling Profit Rate.


More Definitions of Ceiling Profit Rate

Ceiling Profit Rate means the ceiling profit rate as stated in the Letter(s) of Offer for the purpose of calculation of the Asset Sale Price pursuant to the Commodity Murabahah transaction under the Facility.
View Source
Ceiling Profit Rate means the ceiling profit rate as set out in the Letter of Offer.
View Source

Related to Ceiling Profit Rate

  • Profit Rate means the profit rate payable from time to time in respect of the Certificates and that is either specified in the applicable Final Terms or calculated or determined in accordance with the provisions hereof;

  • Floating Profit/Loss means current profit/loss on Open Positions calculated at the current Quotes.

  • Adjusted CD Rate has the meaning set forth in Section 2.07(b).

  • Final Average Compensation means the aggregate amount of a member's compensation earned within the averaging period in which the aggregate amount of compensation was highest divided by the member's number of years, including any fraction of a year, of credited service during the averaging period. The averaging period shall be 36 consecutive calendar months if the member contributes to the member investment plan except for a member who contributes to the member investment plan and first became a member on or after July 1, 2010; otherwise, the averaging period shall be 60 consecutive calendar months. A member who contributes to the member investment plan and first became a member on or after July 1, 2010 shall also have an averaging period of 60 consecutive calendar months. If the member has less than 1 year of credited service in the averaging period, the number of consecutive calendar months in the averaging period shall be increased to the lowest number of consecutive calendar months that contains 1 year of credited service.

  • Gross Operating Profit For any Fiscal Year, the excess of Gross Revenues for such Fiscal Year over Gross Operating Expenses for such Fiscal Year.